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    Chamber of IPPs disappointed over ECG’s tariff increase request

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    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

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    BoG Governor confident inflation has peaked; expects rate to start declining

    ActionAid Ghana Appoints John Nkaw as Country Director

    BoG’s inflation targeting framework can’t reduce rise in inflation – IEA

    Monetary Policy Rate must be increased to 19% to check inflation – IEA

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    Seth Terkper urges Gov’t to present its policy alternative to an IMF program

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    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

    6th CEO’s Summit pushes for ease of doing business law to boost economic growth

    Policy rate likely to be increased to tame inflation – Databank CEO

    Banking Consultant bemoans continuous charging of unfair fees by banks

    Chamber of IPPs disappointed over ECG’s tariff increase request

    A comprehensive storage strategy will deal with post – harvest losses & inflation – CSIR

    A petrol station worker fuels a car along Kimathi street on July 14 2019,after the Energy and Petroleum Regulatory Authority (EPRA) announced new retail pump prices of petroleum products effective from July 15 to August 14, 2019.price of super petrol increase by Sh0.29 per litre while diesel and kerosene decreased by Sh0.88 and SH2.31 per litre respectively.PHOTO|SILA KIPLAGAT

    NPA allays fears of fuel scarcity in the country

    Fuel prices to rise marginally in second pricing window of May – IES

    Gov’t to put measures in place to reduce ‘imported inflation’ – Ofori-Atta

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

    Seth Terkper advises against e-levy; urges government to run to IMF

    AfCFTA members conclude negotiations on rules of origin to enhance free trade

    Implement strategies to sustain increased consumer preference for digital payments – Bawumia

    Strict enforcement of AfCFTA regulatory framework will ensure smooth implementation of PAPSS – Bawumia 

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Protect Ghanaians from layoffs with local content policy for oil & gas sector – Union

bycitibusinessnews
February 10, 2020
in Business, Economy, Oil And Gas
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The General, Transport, Petroleum and Chemical Workers Union of the Trades Union Congress, wants government to take a second look at the local content policy for the oil and gas sector, to ensure that Ghanaians are protected from layoffs when production companies face operational challenges.

This follows Tullow Oil Ghana’s decision to reduce its workforce by at least 25 percent due to Tullow Oil Plc’s massive disappointments in operations in Africa and South America.

Deputy General Secretary of the General Transport, Petroleum and Chemical Workers Union, Francis Sallah, told Citi Business News policy makers must offer Ghanaian workers some relief in such circumstances.

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“It bores down to the adequate implementation of the government policy that is lacking, because from where I sit now, I don’t think that we have the caliber of people in charge of key operations in the oil and gas sector. No multinational company should work elsewhere and their negative effects be pushed unto us Ghanaians. So in reality it is the implementation of our policies. That is the problem” he said.

He added that “We have the fine laws, but, how do we make sure it works? They will not be able to push it back to us if we have the right people in place and are in charge of certain operations. I think the local content policy has to be taken a second look at for it to work properly”.

Citi Business News has learnt that the ongoing global redundancy process will lead to the departure of 35 percent of Tullow Ghana’s senior leadership, and overall 25 percent job losses for staff made up of both Ghanaians and expatriates.

The redundancy programme will be done in three batches with the first group of workers set to exit the company by March, the second batch to depart by June, and the last in December 2020.

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